SPONSORED BY AON Impact Audit - The Cape Wine Auction...2 IMPACT AUDIT IMPACT AUDIT 3 The second Cape Wine Auction takes place at Boschendal Wine Estate. Every philanthropic fundraising

Impact Audit2018

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1IMPACT AUDIT

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Supporting education in the South African Winelands

At the Cape Wine Auction Trust we believe that a culture of learning

excellence is possible for all. 100% of the money raised at our annual

auction is used to fund beneficiary organisations which provide a range

of quality educational services throughout the Winelands. These

beneficiaries work in collaboration, as a community, to bring about

measurable change. Together we can re-imagine the lives of future

generations in the Winelands – thank you for joining us on this journey.

Impact Audit2018

32 IMPACT AUDITIMPACT AUDIT

The second Cape Wine Auction takes place at Boschendal Wine

Estate. Every philanthropic fundraising record in South Africa is broken with R10 million raised on

the day.

A Trust Facilitator is appointed, and the first Beneficiary Workshop takes place in Franschhoek. The 19 beneficiaries selected by the Trust

meet to share best practice and create a collaborative network for

increased impact.

The fourth Cape Wine Auction takes place at Anthonij Rupert

Wines in February 2017. Over R22 million is raised – a new record.

27 Beneficiaries are selected. The third Beneficiary Workshop takes

place on Boschendal Estate where experts in the philanthropic field

share their expertise with the CWA Trust-funded organisations.

The Journey so Far …

20172015 20182016 2019

The Cape Wine Auction Trust is established. Wendy Appelbaum,

Michael Jordaan, Ken Kinsey-Quick, Mike Ratcliffe and Siobhan

Thompson are appointed as Trustees.

The inaugural Cape Wine Auction takes place at Delaire Graff Wine Estate. R7,045 million is raised.

Four beneficiary organisations are funded.

2014

The third Cape Wine Auction takes place at Klein Constantia Estate.

R14 million is raised.

Paul Cluver and Raymond Ndlovu are appointed as Trustees.

The 22 beneficiaries selected by the Trust meet at the second

Beneficiary Workshop on 22 September in Lynedoch, Stellenbosch. Successes and

challenges are shared, and the network of support is

strengthened.

The fifth Cape Wine Auction takes place on 10 February 2018 on Rustenberg Wine Estate. Over

R17 million is raised and 22 beneficiaries are selected

to be funded.

Iain Banner is appointed as a Trustee.

The fourth annual Beneficiary Workshop takes place on 23 August

2018 at Glen Carlou Wine Estate where the beneficiary organisations

shared their successes and challenges and were inspired to

achieve even greater impact over the funding cycle.

?


Our Projects at a GlanceThe CWA Trust addresses education needs, as well as barriers to learning. We believe that projects are only as good as the people who manage them, which is why the Trust funds operational costs, setting it apart from many other donors. Funding teaching, training and administrative staff contributes enormously to achieving impact on the ground.

Citrusdal

Barrydale

Wellington

Robertson

Villiersdorp

Franschhoek

Paarl

StellenboschConstantia

Cape Town

Macassar/Firgrove

Lynedoch

Klapmuts

Kylemore

Devon Valley

Jamestown

Central

Idas ValleyKayamandi

Cloetesville

Stellenbosch

Elgin/Grabouw

Hemel en Aarde Valley

Swartland

Breede River Valley

PROJECTS PER AREA:

1 Project

2 – 5 Projects

6 – 10 Projects

2 308 learners attended After School programmes where they are assisted with homework, have access to sport and games, receive a nutritious meal and learn valuable life skills. Staff Development and Training was offered to 131 teachers, teacher assistants and principals. 6 634 learners had access to digital learning, working on computers to improve literacy and numeracy. Some even learnt to code! 495 learners received psycho-social support during 3 713 counselling sessions. 5 968 children were fed every school day. A total of 325,000 meals were served by The Lunchbox Fund alone!


Steps to Change

COMMUNICATE

We meet with as many key role-players in education in the winelands

as possible – children, teachers, NGOs, donors, academics, dreamers and doers. We listen more than we talk, and we use this valuable input to find the best solution-providers for the challenges we learn about.

COLLABORATE

Once we have selected the best organisations to address the

challenges, we introduce them to each other and create a

Community of Beneficiaries. This collaborative model has

amplified and multiplied reach and efficiency in a short space

of time. Clusters of collaboration between CWA Trust beneficiaries are

forming throughout the winelands.

We also connect with other donors in the education space

to avoid duplication, share successes and challenges,

and partner where possible for maximum impact.

CALCULATE

Impact is crucial and needs to be measured. We gather both statistics and stories from the

beneficiaries we fund, because we know that impact can’t always be

calculated in numbers. Data is crucial, but storytelling is the heart

of impact evaluation.

1 2 3

LITERACY

NUMERACY

SPORT

NUTRITION

PSYCHO-SOCIAL

STAFF DEVELOPMENT

PARENTAL INVOLVEMENT

DIGITAL LEARNING

TRANSPORT

AFTER SCHOOL CARE

ADULT EDUCATION

Key to Services


Aitsa! After Care CentresImproving the quality of the lives of the children in the Dwarsriver Valley by providing them with safe, stimulating and nurturing environments and programmes in the afternoon after school. 180 Children ages 5-11. 15 Staff Members. The appointment of a Parent Involvement Program Facilitator in 2018 saw the attendance rate of the parents at the 9 interactive sessions increase to 80%!

www.aitsa.org

The Click Foundation The latest Progress in International Reading Literacy Study (PIRLS) found that 78% of Grade 4 learners cannot read with comprehension - a heartbreaking statistic which confirms that the education system is failing the vast majority of our children. The Click Foundation offers digital literacy programmes in 19 schools and 3 After School and ECD centres in the winelands, assisting 6 606 learners who are supervised by 26 facilitators in the computer rooms. www.clickfoundation.co.za

Anna FoundationAfter-school care for 677 underprivileged children in the rural areas of the winelands using the 3 R’s programme – Reading (Education), Running (Sports Programmes) and Right-ing (Life Skills).

“Juffrou, as ek eendag groot is, by groot bedoel ek al getroud, kan ek nog altyd naskool toe kom?”* – Jadon Jansen, Grade 2, Buffet Olives*Teacher, when I am big one day, and by big I mean married, can I still come to after school?

www.annafoundation.com

Academic results comparison over time in the Simonsig area


Community KeepersThe CWA Trust supports Community Keepers offices offering psychological and social support services to children, teachers and parents at the following schools in the winelands:Cloetesville High SchoolRietenbosch Primary SchoolIda’s Valley Primary SchoolPC Petersen Primary SchoolKylemore High School

At these schools 495 learners were assisted in a total of 3 713 individual sessions. 943 learners were counselled in 82 small gro up sessions, and 1 430 parents were supported as part of 13 parenting support group sessions. 139 teachers benefitted from the Development Programme for Educators, to help them cope with the often-stressful situations they find themselves in.

www.communitykeepers.org

Constantia Primary SchoolConstantiaThis no-fee paying primary school in the heart of Constantia provides education for more than 350 children from the surrounding wine farms and nearby townships. The Cape Wine Auction Trust is proud to fund the salaries of teacher assistants who contribute to more effective learner-to-teacher ratios in the classrooms, which has a direct impact on learning in the classroom. A new principal, Mr Adams, has recently joined the school and we look forward partnering with him in providing quality education in this important Winelands region.

De Rust Futura AkademieElgin“The funding was used to for the appointment of additional educators to reduce the large class sizes. The educator/learner ratio was reduced to 1:35 instead of 1:50! Due to this improvement the quality of teaching and learning improved drastically. The smaller class sizes also improved learner discipline. The investment of the Cape Wine Auction Trust into the education of our 1 031 learners who are mostly from areas with lots of socio-economic challenges, contributed to the improvement of the Numeracy and Literacy results, which were recognised by the Western Cape Education Department.” – Wandred Theunis, Principal

EduvateFrom 2016 to 2018 Eduvate partnered with a Cape Town-based organisation that runs coding classes for girls. During this time 40 grade 10 girls from Kayamandi and Cloetesville in Stellenbosch learnt coding skills. From 2019 Eduvate will begin its own coding programme for girls, which will save costs and be specific to the lives and needs of Stellenbosch-based learners and will make use of the large network within the Stellenbosch technology community. The programme teaches the learners the fundamentals of coding and different coding languages. To develop their soft skills and work confidence they partner with technology companies in their network to offer the learners work experience projects. 28 grade 8 learners begin in 2019 – watch this space!

www.gsdt.org.za/eduvate

"Community Keepers is my sonskyn in die nag*." – Learner, 10 years old

*Community Keepers is my sunshine in the night


Hope Through Action Foundation: Score @ Franschhoek & MbekweniThe Hope Through Action Community Sports Centres in Mbekweni and Franschhoek provide a safe place for a wide range of developmental initiatives and engage young people in a range of activities, with the primary focus on sport and physical activities.

8 sports clubs established and operational across both sports centres where 322 children had sports coaching.2 girls were selected for the National Summer Football Games in Gauteng and 3 for a Western Cape football team participating in the Dallas Cup (USA) this year.2 young men represented Western Cape at the National Indigenous Games Championships in Limpopo.3 girls were selected for Winelands Netball development teams, with one eventually representing the province.2 young weightlifters have continued to win medals at tournaments in the region.

Hope Through Action – Nompumelelo Educare CentreSituated in Mbekweni near Paarl in the heart of the Winelands, the mission of the Centre is to prepare underprivileged and deprived children under 6 years of age for the challenges of life ahead by providing quality care and education whilst instilling sound personal values. There are currently 250 children at the centre.

www.hopethroughaction.com

Joostenberg Primary SchoolStellenbosch

Klapmuts Primary SchoolStellenbosch

Many of the children who attend Joostenberg Primary School are from surrounding farming areas and do not have enough to eat at home. The Cape Wine Auction Trust has been supporting the school to ensure that each child receives a meal during the school day. This is the feedback from the principal, Mr Bergstegt: “We find that our learners are more active and perform better. We also find that there is a decrease in behavioural problems in our school. Thank you again for your commitment to our school. It is because of organisations like yours that Joostenberg Primary has been able to prevent and reduce hunger in our school.” Now that the children have lots of energy, the Trust is also working with the school to build their first ever sports field – watch this space in 2019!

“The Teaching Assistant (TA) programme really added value to the school holistically. The assistants grew stronger in their professional roles and in their personal lives. Nine of the 24 assistants are on learnerships to better themselves for the future. Many of them are involved with extra-mural activities like rugby, cricket and athletics. The school runs more smoothly during break times because the TAs help with playground duty.” – Ronald Frans, Principal

“As these young people learn, develop their talents and skills and use the

opportunities we provide, they empower themselves and the impact begins to be

felt beyond the Centres and out in the community. What begins with children

playing sport grows into role models leading and making a difference in their own lives and the lives of those around

them – and that is the transformation we seek to bring about.”


The Kusasa Project125 learners in 7 classes from Grade 0 to Grade 4.17 staff members.Approximately 95% of parents attended parent meetings in 2018. “All parents attended individual sessions with teachers to discuss their child’s progress and suggestions for growth. In May we invited all Grade 4 learners and their parents/guardians to participate in a study skills programme. In August Grade 2, 3 and 4 parents were invited to a discussion about homework skills as some struggle to provide adequate support and are unable to assist their children prepare for assessments. Parents were given homework kits and we encouraged them to visit our school library which is open in the afternoons.”

www.thekusasaproject.org

Love to Give Skills Academy171 beneficiaries trained in improving marketable skills.225 CVs written.113 jobs created.1200 food parcels to families in need.2000 children fed a day.30 businesses received loans/grants.16 beneficiaries completed micro-business management courses.10 accepted to study at tertiary level.

www.lovetogive.org.za

The Lunchbox Fund3,303 Children and young adults received a hot, nutritionally fortified meal each day at 64 Schools, Early Development Centres, Afterschool, Holiday and Skills Development Programmes. In 2018 a total of 325,000 meals were served. “It has been heartening to see that 98% of the schools that started receiving nutrition from LBF early in 2017 are still open and actively offering education through the end of 2018. Many of the Principals attest to the fact that the presence of a meal has made the biggest difference between attendance and non-attendance; between remaining open and school closure. No delivery has been missed. No theft of nor abuse of the food has been reported. No bad storage or spoiling has been witnessed. Many of the schools are woefully under-resourced and vulnerable structurally. However, this has not impacted the storage, preparation or delivery of meals. The women that run these schools do their very best in trying circumstances – and with the CWA Trust’s assistance and continued support will gradually improve their situations.”– Sue Wildish, Managing Director

www.thelunchboxfund.org


Partners for PossibilityThe PfP programme addresses the current crisis in education through a unique approach of leadership development and support for school principals. A member of the business community partners with a principal over a 12-month period, during which time both partners are exposed to a dynamic leadership development programme while being supported through the experience of applying new skills and knowledge in their individual schools. SCHOOL PARTNERSHIPS IN 2018SCHOOL PRINCIPAL BUSINESS PARTNEROrleansvale Primary Hilgard Elmo Cairncross Johan DreyerDalubuhle Primary Nomhle Lucy Mbenenge Jessica BattsSt Vincent RC Primary Lucie-Henriette Saul Desmond HendricksGroendal Primary Norman Afrika Brian MoorLuckhoff Secondary Chris Jooste Willem KitshoffBergendal Primary School Clive Matthee Johan du RaanMagnolia Primary School John Leibrandt Karen StraussRonwe Primary School Veronica Whatney Brian RobertsonRusthoff Resource Centre Primary Mannette Malley Michael Grobler

www.PfP4SA.org

Pebbles Hemel en Aarde Education Project71 beneficiaries.34 in First Thousand Days and Early Childhood Development programmes.37 in After School Care. 4 staff trained each month.

www.pebblesproject.co.za

Pebbles Project599 children between the ages of 3 and 5 years in the Early Childhood Development (ECD) programme at 35 facilities.500 children on 18 farms had access to the Mobile Toy Library in 2018.590 learners attending the After School Club (ASC) at 17 facilities. 36 new ASC facilitators were trained.87 learners attended the ASC Life Skills Programme.48 learners participated in the School Leaver Programme.110 parents attended 32 Parent Workshops in 2018.

www.pebblesproject.co.za


Pinotage Youth Development Academy (PYDA)Graduates to date (since May 2014): 172 in Wine SectorStudent retention levels: + 90% Employment levels: + 90% (at 6 months after graduation) “The ‘pull’ that we rely on to start or continue a programme is high in the wine and tourism industry and we continue to celebrate the high employment rate for our graduates. Our goal for 2019 is to increase our financial base within the industry ideally through bursaries with meaningful employment attached or a percentage payment for the appointment of the skilled staff we deliver.”– Nikki Munro, Executive Director

www.pyda.co.za

SPARK Lynedoch School @ The Sustainability InstituteLynedoch, Stellenbosch460 learners (Grade R to Grade 6).156 learners are on bursaries and all reside in the surrounding winelands in Lynedoch Valley. Many of the bursary scholars are in the top 10% of scholars in their grade. SUNAY SWARTZ, GRADE 1Sunay is a bright, dynamic and confident girl from De Morgenzon farm. She is from an Afrikaans household and in her first year at SPARK her ability to speak and understand English was very limited, causing a lot of frustration and anger. With the help of our learning toolbox and her parent’s involvement, Sunay is now one of our top achieving scholars in Grade 1, who is also patient, kind and helpful!

Usiko StellenboschOur goal is to see the youth in our community transition into responsible adult role models who are hopeful about the future. Using a ‘rites of passage’ approach of mentoring, wilderness therapy and group activities Usiko runs school-based interventions, diversion/integration and social crime prevention, sustainable livelihoods and training programmes. During 2018 we reached 502 young people as programme participants, mentors and interns.

www.usiko.org.za


Bid at the annual Cape Wine Auction, either in

person or online at www.thecapewine

auction.com

Financial Donations to the Trust. These

can be structured to support a beneficiary,

geographical area or education category of

your choice.

Donate via GivenGain.www.givengain.com (The Cape Wine Auction Trust)

Donations for items like books, computers,

stationery, sports equipment or even

a school bus!

BANKING DETAILSThe Cape Wine Auction Trust, Nedbank, Account Number: 1148964762, Branch Code: 198765, Swift Code: NEDSZAJJ

TRUST FACILITATORAndi Norton | [email protected] | +27 (0)82 779 0072www.thecapewineauction.com

Be Part of the Change

1 2 3 4

After five short years we can already feel the shift in education in the winelands. We ask you to give

generously, knowing that your support will turn that shift into a powerful wave of change.

Wemmershoek Primary SchoolFranschhoek This primary school near the town of Franschhoek has 372 learners and received a pass rate in 2018 of 98,10%. The progress of the learners was assisted by one classroom assistant who rotated between classes in the Foundation phase, giving the teachers more time to spend on task which contributed to the wonderful results in those grades. The school was particularly proud of Amelia Manuel (centre) and Culan Paier (left), winner and runner-up respectively in the Franschhoek Spelling Bee in 2018!

Wine Training South AfricaWTSA is the only Industry owned non-profit organisation operating in the South African Wine Industry and is also the only Accredited Training Provider that offers Short Courses as well as a Technical Winemaking Learnership. Programme Total Learners 2018SKOP 420 Hospitality 122Maths 19Learnerships 84Skills Programmes 30TOTAL 675 www.winetrainingsa.co.za

“The philosophy of WTSA is to keep the training as affordable as possible to encourage

wineries to invest in the development of their workers and to be more competitive through a more productive workforce. This approach

has always been well received by the industry and subsequently the range of SKOP (Senior

Kelderassistent Ontwikkelings Program) courses grow continuously.”

– Emma Burger, Principal


WENDY APPELBAUM CHAIRPERSON

Wendy owns De Morgenzon wine estate outside Stellenbosch. She was a director of Liberty Investors Limited, Deputy Chairman of Women’s Investment Portfolio Limited (Wiphold) and Deputy Chairman of the Connection Group Limited. She was a founding director of The Tribune Trust and a founding director of Sphere Holdings Limited. Her philanthropic involvement includes her being a director of the Wits Donald Gordon Medical Centre, as well as a trustee of The Donald Gordon Foundation. Wendy is also a member of the Global Philanthropists’ Circle (GPC) and a director of the Southern African board of the Synergos Institute. She serves on Harvard University’s Presidential Advisory Board and is a member of Harvard University’s Women’s Leadership Board. She is a member of the International Women’s Forum (IWF) and of Women Moving Millions. She was honoured as one of the Leading Woman Entrepreneurs of the World in 2006 and received both the Forbes Woman Africa Business Woman of the Year and the Forbes Woman Africa Woman of the Year awards in 2015.

PAUL CLUVERPaul studied B.Sc. Horticulture and Economics at the University of Stellenbosch upon completion of which he started working in the family business, heading one of the fruit production units. He continued studying, first Senior Business Management at the Graduates School of Business and later Masters in Philosophy in Value and Policy Studies at the University of Stellenbosch, while working as production manager, financial manager and eventually general manager. As general manager Paul and his team have helped establish De Rust Estate as a multifaceted agricultural

business being one of the leading apple and pear growers in South Africa, one of the country’s premium wine producers and one of the top Hereford studs while leading the way in sustainable farming and conservation. De Rust Estate is a BWI champion and has won the Nedbank Green Award for Best Practice as well as being a founding member of Thandi which is one of the first BEE farms in South Africa and is widely seen as one of the most successful projects in the industry. Thandi also became the first Fairtrade wine brand in the world.

KEN KINSEY-QUICKKen has been involved in the global financial markets for over 20 years both in Paris and London. His particular expertise is in the hedge fund industry. Prior to moving back to SA in 2010, he was a partner at Thames River Capital for over ten years which was subsequently sold to London listed F&C. During his time in the UK, Ken was a big supporter of the ARK charity and raised money for them by hiking to the South Pole. On moving back to SA he set up his own business, Diamond Capital Management, investing globally. Ken is also a Trustee of Bridge House School. He has a B.Com (UCT) and holds both the CFA and CAIA charters.

RAYMOND NDLOVURaymond is co-founder and non-executive chairman of Black Elephant Vintners (“BEV”), an artisanal premium wine producer, in Franschhoek. He also serves on the boards of several community service organisations, including firstmiracle.org, BEV’s social-impact initiative and Franschhoek Wine Valley. Raymond has been an investment executive at JSE-listed diversified investment holding company, Remgro Limited (“Remgro”) and serves as

a non-executive director on the boards of several investee companies, across various sectors, in the group. He has garnered extensive corporate and entrepreneurial experience in various fields in the financial services industry, including investment banking, asset management and stockbroking, since 1998. He co-founded and was CEO of institutional stockbroking firm, Noah Financial Innovation, for ten years until July 2011. He holds a B. Business Studies (Honours) from the University of Zimbabwe.

MIKE RATCLIFFECo-founder and Managing Partner of the joint US/South African venture Vilafonté since 2001. Mike has been nominated for the Wine Star Award for Global Innovator of the Year in 2015 and then again in 2017. He graduated in the first wine marketing class at Adelaide University and is an international wine judge, public speaker, industry commentator, social media maven and marketing trendsetter. He has been an international wine judge, is a respected wine industry commentator, leading social media protagonist and respected marketing mind. Mike is the founder of the Cape Wine Auction.

IAIN BANNERIain Banner is the co-founder of a number of successful companies, events and charities, including Sports International, the Gary Player Design Company, the Laureus World Sport Awards and Laureus Sport for Good Foundation and the Alfred Dunhill Links Championship. Says Banner: “I am honoured and excited to be joining this group of hard-working people who have passion and energy and think creatively and innovatively to effect real change in the lives of those who live and work in the winelands.”

The Trustees

WENDY APPELBAUM CHAIRPERSON PAUL CLUVER KEN KINSEY-QUICK

RAYMOND NDLOVU MIKE RATCLIFFE IAIN BANNER

The successful bidder may deduct the amount reflected on the section 18A receipt from taxable income if actually paid during the year of assessment.

The amount to be deducted is limited to the value of 10% of the taxpayer’s taxable income. Any excess amount exceeding the 10% threshold, may be carried forward to the succeeding year of assessment.

What benefits are there for donating to the Cape Wine Auction Trust?

What tax benefits are there for bidding at the Cape Wine Auction?

Donate and Deduct!

“The information contained in this publication by PwC is provided for discussion purposes only and is intended to provide the reader or his/her entity with general information of interest. The information is supplied on an “as is” basis and has not been compiled to meet the reader’s or his/her entity’s individual requirements. It is the reader’s responsibility to satisfy himself/herself that the content meets the individual or his/her entity’s requirements. The information should not be regarded as professional or legal advice or the official opinion of PwC. No action should be taken on the strength of the information without obtaining professional advice. Although PwC take all reasonable steps to ensure the quality and accuracy of the information, accuracy is not guaranteed. PwC shall not be liable for any damage, loss or liability of any nature incurred directly or indirectly by whomever and resulting from any cause in connection with the information contained herein.”

©2018 PricewaterhouseCoopers Incorporated with registration number 1998/012055/21 “PwC’. All rights reserved. PwC is part of the PricewaterhouseCoopers International Limited (PwCIL) network that consists of separate and independent legal entities that do not act as agents of PwCIL or any other member firm, nor is PwCIL or the separate firms responsible or liable for the acts or omissions of each other in any way. No portion of the information on this site may be reproduced by any process without the written permission of PwC.

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The Cape Wine Auction Trust will issue the successful bidder of each auction lot with a section 18A receipt for the difference between the price of the winning bid and the market value of the lot.

A bona fide donation may be made in cash or property to be used by the Cape Wine Auction Trust in performing approved public benefit activities.

For these donations the Cape Wine Auction Trust will issue the donor with a section 18A receipt for, in the case of a cash donation, the cash amount donated to the trust, or in the case of a donation of property, the value of such property.

The donor may deduct the amount reflected on the section 18A receipt from taxable income if actually paid during the year of assessment.

The amount to be deducted is limited to the value of 10% of the taxpayer’s taxable income. Any excess amount exceeding the 10% threshold, may be carried forward to the succeeding year of assessment.

Example: A taxpayer donates a cash amount of R50 000 together with a delivery vehicle (which has a market value of R100 000) to the Cape Wine Auction Trust as bona fide donations; The trust will issue such donor with a section 18A receipt to the value of R150 000, which may be utilised against the taxable income of the donor.

A donation or contribution will not qualify for a deduction if it is not used by the Cape Wine Auction Trust in performing approved public benefit activities, e.g. if it is used as an auction lot item.

Example: Successful bid at R100 000 for a lot; Market value of R20 000 for the lot; The Cape Wine Auction Trust will issue the successful bidder with a section 18A receipt to the value of R80 000, which may be utilised against the taxable income of the successful bidder.

What about other payments or contributions to the Cape Wine Auction Trust?

Other payments or contributions to the trust not qualifying as bona fide donations as set out above might potentially qualify as a deduction in terms of section 11a under certain circumstances, e.g. a donated auction lot item might qualify as a tax deductible advertising or marketing expense. Please consult your tax advisor in this regard.

PwC serves as one of the Cape Wine Auction Trust’s international auction partners and is a founding sponsor of the Trust since its establishment in 2014.

IBC

www.thecapewineauction.com /thecapewineauction /capewineauction

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SPONSORED BY AON Impact Audit - The Cape Wine Auction...2 IMPACT AUDIT IMPACT AUDIT 3 The second Cape Wine Auction takes place at Boschendal Wine Estate. Every philanthropic fundraising